BitCar: How to Make a Fortune Buying the Car You Love

technology investment cars blockchain

Peter Briggs, BItCar Advisor’s 1963 Jaguar E-Type (source: The Australian).

John Connolly columnist from The Australian, shared with his audience how to make a fortune buying cars. He demonstrates, with the many similarities shared with BitCar’s view, the appreciation of cars and the factors he held to account whilst searching for the perfect car. He calls them his ‘six golden rules’ and they are not ones to ignore, that he has put together with friend and publisher of the Hagerty Price Guide, Dave Kinney.

The Six Golden Rules

Rule 1: Buy the best example of what you can afford.

Kinney points out “there is a huge difference in value between ‘kinda nice and a standout’ car”. You can buy a kind of nice 1973 Porsche 911 Taraga for USD $91,000 or a serious low-mileage investment grade one will cost you $292,000.

In 1973, Roy Eller brought his Kelly Green Targa and decided it would be a great investment, so he naturally put it into storage with 3400 miles on it. 30 years later it was sold by Dave Gooding for $426,000.

In 1980 Peter Briggs, our BitCar Advisor, brought the 1963 Jaguar E-Type Lightweight in 1980 for $76,000 and sold it in 1999 for $800,000. In January last year Bonhams sold it for $9.7M.

Rule 2: The more original the better most of the time.

In 1967, driver Ugo Pillon found a 1925 Bugatti at the bottom of Lake Como. In 2009, he brought it to the surface for Bonhams to auction for charity. Pete Mullion, who made billions selling financial services and owns his own art deco car museum, paid $500,000 for it.

Rule 3: Documentation reigns supreme.

A golden rule, we at BitCar, follow very strictly is clear provenance and documentation. Roy Eller’s car, the Targa, had all the original documentation and parts ranging from original sales invoice, owner’s manual, maintenance record, warranty book, Porsche certificate of authenticity, even down to tool kit, leather key fob, registration cards and sales documentation dating back to 1973. As Connolly states “no documents, no buy”.

Rule 4: Buy rare cars with a history.

The history of the car speaks a lot about its value. Cars that have that rare factor, the more famous the owner or driver, the more important the serial number, the better the investment.

For example what would be the valuation of a car that was one of 10 ever build; a podium at Le Mans, Monte Carlo, the Tour de France; drive by Mossie, Fangio, Shelby or all three of them? Now that is one story worth telling.

Briggs’ 1963 Jaguar E-Type Lightweight was owned from new by Australian motor racing legend Bob Jane, before being auctioned by Bonhams for the $9.7M. A good story always makes for a good sale.

Rule 5: Look at the demographics.

Cars are an emotional buy for most, so why wouldn’t an investment piece be? If you look to Baby-boomer classic car buyers, they generally want the cars like E-types, that they couldn’t afford when they were teenagers. If you’re 60 go down a generation and buy a car from the 70s, which will see 20 year’s more of growth.

Rule 6: You have to love it and you have to love driving it.

As we mentioned, cars are an emotional buy for the thrill of the ride, for the memories, or the lust factor. Don’t just buy it as an investment. Buy it to become an advocate for it. Show it, have articles written about it a museum to showcase it, like our advisor Peter Briggs.

Here at BitCar we share the vision in pursuing the best cars for the benefit of our community. Originality creates more hype and documentation shows authenticity and cars with history have a sense of uniqueness to them, that has matured over time. We are going through extraordinary lengths to ensure that our cars are in impeccable condition.

Now remember this is not about buying a classic car but actually investing in the hope the metal will be worth more than you paid for it at some time.. Individual brands of cars like Ferraris from 1958 to 1973 have left every other asset for dead but so have some more recent Porsches and other supercars. Old cars used to be 25 years old. Now they can be collectables at 25 months. — John Connolly

As always, follow all of our social media accounts to stay up to date with the latest happenings, and join our Telegram group to speak directly to the BitCar team.

Telegram | Facebook | Twitter | Instagram | YouTube |LinkedIn |Reddit | Steemit | VimeoWebsite

How to Make a Fortune Buying the Car You Love was originally published in BitCar on Medium, where people are continuing the conversation by highlighting and responding to this story.

Original article was created by: BitCar at

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.

Interested in Cryptocurrencies and ICO's?

Follow our telegram channel for daily cryptomarket reports!

Join @cointrends

Stay on top of Altcoins and ICO trends.

Subscribe to our free Weekly Cryptomarket report

Delivered once a week, strongly to your inbox.

Subscribe to our mailing list
July 13, 2018

The Wheels Inside World Cup Star Garages

In light of the current World Cup, Adam Workman of The National took a look at certain high profile soccer players’ car investments. We at BitCar, took the liberty of highlighting some potential beauties befitting for our platform.Read on to see some of the flashiest footballers when it comes...

From: BitCar
July 12, 2018

Let’s Get Listed on KuCoin!

Lets get BITCAR listed on KuCoin together!KuCoin will be running a telegram campaign starting today, 12 July at 10PM Singapore time, and have asked for our BitCar community to participate. They want to hear from you why BitCar should be listed!To VoteStep 1: Register for a KuCoin AccountSimply...

From: BitCar
July 11, 2018

BitCar Welcomes New Team

L to R: Andrew Barclay, Alejandro Aguilera, Zoe Panagopoulos and Olivier de Smedt.At BitCar we are very happy to welcome our new members to the team! Read on to find out more.Andrew BarclayAndrew Barclay joins the team as an Advisor, he is a former partner of Mallesons Stephen Jacques (now...

From: BitCar
July 05, 2018

We Are Hiring!

Interested in what we are all about and working with the pioneers in the blockchain industry? Well we are hiring for the following roles for our Perth HQ and would love to hear from you!Front End DeveloperWe are seeking a talented individual to join our Dev Team who will be responsible for the...

From: BitCar
June 28, 2018

BitCar Token Burn

Founders volunteer in token cut for the Token BurnBitCar Confirms Token BurnThe team at BitCar are pleased to announce the close of our token distribution. A huge thank you to all of our global team that helped with the success of the Token Sale from start to finish!From the Token Sale we...

From: BitCar
Upcoming ICO's
This week overview
Token Name Starts
Optimal Shelf Availability Token (OSA) logo Optimal Shelf Availability Token (OSA) 5 days
Cryptocurrency rates
*Last hour average price&change
Coin Name Price Hour
Bitcoin logo BTC $6375.13 -0.13%
Ethereum logo ETH $453.185 -0.12%
Ripple logo XRP $0.445394 -0.04%
Bitcoin Cash logo BCH $727.445 0.06%
EOS logo EOS $7.35233 -0.33%
Litecoin logo LTC $78.996 -0.14%
Stellar logo XLM $0.219912 -0.18%
Cardano logo ADA $0.143397 -0.25%
IOTA logo IOT $1.00078 -0.07%
Tether logo USDT $0.999014 0.02%
Tronix logo TRX $0.0344612 -0.23%
NEO logo NEO $33.8342 0.47%